Keppel Electric Renewal | Electricity prices have gone up in 2022.

OMG certainly not a good time to renew contract. The new offer rate is so high. My previous plan which was my second renewal (1 year plan) was based on $0.1745 per kWh with GST which is ending on 13 February 2022. The first Keppel Electric plan (2 years plan) i signed three years ago was $0.1798 per kWh with GST.

But now the electricity went up so much to $0.2580 per kWh with GST. Gosh, I not sure whether I should jump to other electric service provider, but it seems that the others went up just as well for now. My monthly average is around 400 kWh. A simple calculation can be seen how much extra in dollars:

Old Plan Payment: 400 kWh x $0.1745 = $69.80
New Plan Payment if i sign up: 400 kWh x $0.2580 = $103.20

!@#$%^& Gosh, a whooping $33.40 extra to pay out for electricity. Can't imagine if GST is also increased in the near future. If water and rubbish prices going up, I think everyone expenses are going to increase significantly. Everything going up except our salary :/ 

Extracted: https://www.ema.gov.sg/Residential_Electricity_Tariffs.aspx

For those who still sticking with SP Group, are already paying $0.2722 per kWh... Guess I shall go with 24 months plan with $0.2580 per kWh. Please do make a habit to track all your utilities expenses and taxes. All these money may be insignificant with you, but its crazy in the long run.